timeline of 2008 financial crisis

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What were the key events in the 2008 financial crisis?

Critical Events in the Worst Crisis Since the Depression Was this page helpful? The 2008 financial crisis timeline had 33 key events during that year. An explanation, from the Bear Stearns bailout to Lehman's collapse, to TARP.

What happened during the Great Recession of 2008?

By February 2009, Obama proposed the $787 billion economic stimulus package, which helped avert a global depression. Here is an overview of the significant moments of the Great Recession of 2008. The Great Recession began with the subprime mortgage crisis in 2006, when banks invested in mortgages in the form of derivatives.

Did the 2008 financial crisis make a bad situation worse?

But the crash of 2008 made a bad situation much, much worse. On Oct. 3, 2008, Congress established the Troubled Asset Relief Program, which allowed the U.S. Treasury to bail out troubled banks. The Treasury Secretary lent $115 billion to banks by purchasing preferred stock.

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